Martin S.
Mortgage contingency, loan commitment date...
Hi guys. I have an issue with my contract.It states the loan commitment date is 30 days after the effective date. effective date should be 9/5/2014 which is also when the seller also signed the contract.butIt also say...
Jerry Beer
Seller committing to provide tenants
Hi all,I'm working on a deal where the seller is committing to provide tenants for 2 years. However, I'm not sure how I can hold him accountable should he breach the contract any time after the deal.Any idea how to st...
Aron Siva
Enterprising and committed new member
Hello I was referred to this forum by members of the fastlane forums. I am an avid member there and several members spoke highly about some of the members on this forum. I am by no means a "drive by-er" I intend to re...
Jackson Spiggle
Time commitment for an SFR?
I am really interested in real estate and want to get started and I’m wondering about how much time a week managing an SFR would take as a beginner. I definitely want to take this seriously and put all the work necess...
George Formento
Marked-up title insurance commitments
I have the opportunity to do a deal where I will be able to buy a property at a reduced price only if I make it happen within the next 2-3 days. My problem is the following: The seller bought the property from HUD and...
Nichole Cardillo
Commercial Real Estate Commitment Fees
Hi there, I have a client who applied for a 30mm dollar equity based commercial real estate loan. The lender's Commitment Fee includes part of closing, legal fees, bank securities setup fees etc and is 175K. Is this...
Ken Sanders
Mortgage Contingency & Commitment Question
I have a pending house sale with a closing date of August 16th. The buyer's mortgage contingency mentions an interest rate of up to 4.5%, however their mortgage commitment states a rate of 4.6% (mortgage commitment...
Regginald Lewis
Stay Committed it's Real Estate
"If you don't encounter setbacks in your career, if you don't have doubts and disappointments, let me tell you, you're not dreaming big enough" - Michael Bloomberg "If it was easy everybody would do it" I know that is...
Thomas Mundinger
Lots of enthusiasm, but no commitment.
I have contracted a property that has great numbers. It is a mobile home on five acres in Raleigh, NC market. The planning dept., soil tests, and DOT have green-lighted a minor subdivision, with a major to follow, fo...
Dustin Hughes
Upfront Mortgage Broker Commitment Fees legit?
Found a local mortgage broker encouraging me to sign a full service agreement with them that will charge a 1.5% fee for every deal and wants a $5k commitment fee upfront. This was explained to me it helps drop the com...